Creating Automated Credit Risk Scoring For Singapores Leading Lending FinTech

Initially starting as a crowdfunding platform to match borrowers and lenders, the client moved towards providing financial assessment tools to give investors greater insight into the risks of the borrowers they were lending to. The client needed a tool that actively monitored accounting systems to provide automated credit risk scoring. With us it was able to create a customised credit scoring system integrated to the the cloud accounting software provider to ensure that users of the platform were able to get visibility into the potential borrowers.

Faced with the challenge of creating a robust credit scoring tool and integrating that back to their accounting software packages. With so many different businesses with different credit scoring needs and model fit, it was difficult for the client’s team to determine the most ideal model to help their investors match their risk appetite. Further to this we helped to integrate a popular cloud based accounting software into the system, allowing for live data that gave better information to investors and lessened the manual work for borrowers to submit their applications.

To use our capabilities in Application Development with Web Applications. We developed an app for the cloud accounting software and used data analytics techniques to sift through data from different industries. It was then able to create an Investment Health matrix and show that relevant data for decision making. Through this we were able to increase investor confidence and uptake in providing loans.